It’s easy to blame Donald Trump for the bond market volatility that has hit global equities, including Australia’s S&P/ASX 200 Index, which closed down almost 3 per cent for the week on Friday.And it’s not like Trump bears no responsibility for 10-year US Treasury yields reaching multi-decade highs and touching levels not seen since before the start of the global financial crisis in 2007.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Bond markets exact the revenge of rational economics
Lack of budget discipline will compromise our ability to weather the uncertain economic implications of the global bond storm now under way.
85 words~1 min read
